Cement News tagged: Corporate
Semen Gresik expects earnings to rise 15 per cent
PT Semen Gresik estimates its income by the end of this year will reach Rp11 trillion (US$1.2 billion) or up by 15 per cent from around Rp9.5 trillion last year, the company’s chief said.
Ultratech Cement director resigns
Ultratech Cement Ltd director Santrupt Misra has resigned from the board, while S B Mathur has been appointed additional independent director.
Mandiri provides another IDR150bn non-cash loan
PT Bank Mandiri Tbk agreed to provide additional non cash loan transaction to PT Semen Padang as from IDR75bn into IDR150bn to support the company business.
Cement shares in freefall
With financial markets in turmoil and a deteriorating outlook for global construction activity, shares in many of the leading cement companies have tumbled.
GBL Bought EUR57.55m Worth Of Lafarge Shares Sept 2-5
Belgian Financier Albert Frere’s holding company, Groupe Bruxelles Lambert, bought a total of EUR57.55m worth
CIMA projects higher profit for this year, Malaysia
Cement Industries of Malaysia Bhd(CIMA) which registered a pre-tax profit of RM85.4m last year is projecting a higher profit for its financial year ending December 2008,
Holcim, Lafarge shares rise on merger rumours
Shares in Holcim and Lafarge rose strongly today as speculation swirled that the world’s two largest cement makers could merge. By 6:19 a.m. EDT, shares in Holcim had risen 6.2 per cent to 89.50
Brief slowdown in cement sector likely, India
Brokerage house Goldman Sachs is cautious in its outlook on the cement sector as it expects weakness in both demand for cement as well as cement prices. “We believe the industry is on the verge of a d
Peru’s Cementos Lima Says No Sale Talks With Cemex
Cementos Lima SA said Tuesday that a report published in a magazine that it was in talks to sell to Cemex was incorrect.
China National Materials boosts output after merger
Zhou Yucheng, CEO of China National Materials Company Limited, reveals that the company will complete merger and acquisition with Ningxia Jiancai to become the biggest cement producer in northern Chin
West China Cement pretax profit rises 57 per cent
West China Cement Ltd. said first-half pretax profit rose 57 per cent to CNY87.7m, while turnover rose 68 per cent to CNY338m due
Cement output at Aditya Birla group cos, ACC dips in Aug
Cement production at the Aditya Birla Group companies – Grasim Industries and UltraTech Cement – was down 8.87 per cent at 2.12Mt in August.
Holcim Raises Stake in Serbian Unit to 99.40%
Holcim said it has raised its stake in its Serbian unit to 99.40% after a takeover offer and will squeeze out the remaining minority shareholder
China cement producers upbeat on growth
Mainland cement companies are bullish about industry growth after reporting strong net profits for the first six months of the year.
Turkey’s Akcansa targets US$715m turnover in 2008
Turkish cement producer Akcansa is targeting revenue of over TRL850m (US$715m) in 2008, the general manager of the company Hakan Gurdal said on Tuesday.
Madras Cements to issue bonus shares, India
Cement manufacturer Madras Cements tosay said it will issue bonus shares to the existing shareholders in the ratio of 1:1 and has decided to opt for stock-split.